Major Australian banks, including NAB and Westpac, are facing risks from winter storms impacting their investments in the copper and oil sectors in Chile.

The entities involved

• National Australia Bank →

  financial institution in Australia

  • ANZ posted losses amid sector weakness, while bank shares declined due to domestic economic caution and monetary policy outlook.Mon 04:22
  • NAB opened a Community Hub across its Cairns branches while scam losses rise nationally.Wed 13:21
• Westpac →

  Australian bank and financial-services provider

  • Mark Smith commented on the NZ milk price lag, while Westpac economists analyzed increases in household prices in New Zealand.Mon 00:07
  • Westpac merged with Commercial Bank of Australia, which was founded as Bank of New South Wales, becoming one of Australia's largest financial institutions.Sat 00:44
• Chile →

  country in South America and Oceania, with a claim in Antarctica

  • A businessman is featured in a story about powerlifting championships in Santiago, pledges funds for a home rebuild, and analyzes how crime drains regional economies.Mon 17:36
  • Chile and Peru share the infrastructure of the Andean copper belt.Mon 16:32